Today's announcement marks the beginning of a long-term strategic partnership between Canada, Germany and Norway. It is an important milestone in Canada's efforts to modernize its submarine capability and strengthen its ability to operate in the Arctic, North Atlantic and Indo-Pacific regions.

Beyond the acquisition of submarines, the CPSP establishes the foundation for a sovereign Canadian submarine enterprise that will support operations, maintenance, workforce development and industrial participation for decades to come. It also strengthens Canada's interoperability with NATO allies and reinforces transatlantic defence cooperation at a time of growing global security challenges.

While the Government of Canada is best positioned to explain its decision, we believe Team 212CD presented a compelling combination of operational capability, proven technology, industrial benefits and long-term partnership.

Our proposal offered Canada the opportunity to join an existing government-to-government framework with Germany and Norway, providing access to a common platform, shared training systems, common logistics and sustainment efficiencies. This approach reduces risk, strengthens interoperability and provides Canada with a trusted network of partners for the full lifecycle of the fleet.

The selection of Team 212CD marks the transition from competition to implementation.

Over the coming months, TKMS will work closely with the Government of Canada and Canadian partners to finalize contractual arrangements, establish governance structures, advance industrial planning and begin preparations for program execution.

Work will focus on detailed design integration, industrial participation planning, workforce development, infrastructure requirements and the creation of long-term sustainment capabilities in Canada.

A core objective of our proposal is to establish a sustainable submarine enterprise in Canada.

Canadian companies will play an important role throughout the lifecycle of the program, including maintenance, repair, overhaul, component manufacturing, systems integration, training and technology development.

The program is designed to create long-term industrial opportunities that extend well beyond submarine construction. Canadian businesses will also have opportunities to participate in TKMS's global supply chain and collaborate with partners in Germany and Norway.

The CPSP will support highly skilled jobs across multiple sectors, including shipbuilding, advanced manufacturing, engineering, digital technologies, logistics and in-service support.

Beyond direct employment, the program will contribute to workforce development, skills transfer and knowledge creation through partnerships with Canadian industry, academic institutions and research organizations.

Because submarines remain in service for decades, the economic benefits associated with sustainment and modernization activities will continue long after delivery of the vessels.

Canada will become part of a growing community of NATO allies operating a common submarine platform.

This creates opportunities for cooperation in training, logistics, maintenance, doctrine development and operational planning. It also allows participating nations to benefit from shared investments in future upgrades and technology development.

The partnership enhances interoperability while preserving Canada's sovereign control over its fleet and operational requirements.

Knowledge transfer is a central element of our approach.

Canada will benefit from access to the expertise, processes and experience developed through the 212CD program in Germany and Norway. This includes technical training, engineering support, operational knowledge and sustainment expertise.

Our objective is to help Canada establish a strong domestic capability to operate, maintain and evolve its submarine fleet over the long term while creating opportunities for Canadian industry and workers to become integral members of the broader Team 212CD ecosystem.

The 212CD program is built on an active production line and benefits from ongoing collaboration with Germany and Norway.

TKMS has delivered submarines to navies around the world for decades and maintains continuous submarine production capabilities supported by modern shipbuilding facilities in Kiel and Wismar.

By leveraging an existing program, established supply chains and proven industrial partnerships, we can reduce development risk and provide Canada with a clear pathway to capability delivery.

Submarines are among Canada's most important strategic assets because they provide a unique combination of stealth, persistence and deterrence.

The 212CD platform will provide Canada with an advanced capability to monitor and protect its maritime approaches, contribute to Arctic sovereignty, support intelligence-gathering missions and operate alongside NATO allies in complex security environments.

The program strengthens Canada's ability to respond to future threats while ensuring the Royal Canadian Navy remains equipped to meet evolving operational requirements.

The CPSP demonstrates the value of cooperation among trusted allies.

By bringing together Canada, Germany and Norway, the program strengthens NATO interoperability, deepens transatlantic industrial cooperation and contributes to collective security.

It also highlights Canada's commitment to investing in modern defence capabilities while building strong partnerships that deliver strategic, economic and industrial benefits for future generations.